Prior to the passage of The American Rescue Plan Act of 2021 on March 11, 2021 (the “Rescue Act”) the employee retention credit, as amended by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Relief Act”), was set to expire for wages paid after June 30, 2021. The Rescue Act extends the employee retention credit to qualifying wages paid through December 31, 2021. Consequently, qualifying employers may be eligible to claim an additional $14,000 of credits per employee in 2021.
A summary of the employee retention credit as amended by the Relief Act is available here.
PartnerJeff focuses his practice on helping clients utilize tax exemptions and tax incentives. A substantial portion of Jeff's practice relates to tax-exempt bonds, including issues related to governmental bonds, private activity ...
